Qualys (NASDAQ:QLYS) Now Covered by TD Cowen

Stock analysts at TD Cowen initiated coverage on shares of Qualys (NASDAQ:QLYS) in a research note issued to investors on Tuesday, MarketBeat reports. The brokerage set a “market perform” rating and a $170.00 price target on the software maker’s stock. TD Cowen’s price target suggests a potential upside of 2.91% from the stock’s current price.

Several other equities research analysts have also issued reports on the stock. Royal Bank of Canada lowered their price target on shares of Qualys from $212.00 to $180.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 8th. JPMorgan Chase & Co. lifted their price target on shares of Qualys from $146.00 to $152.00 and gave the company an “underweight” rating in a research note on Thursday, February 8th. Wedbush lowered their price objective on shares of Qualys from $230.00 to $210.00 and set an “outperform” rating on the stock in a research note on Thursday, February 8th. StockNews.com upgraded shares of Qualys from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Truist Financial boosted their price objective on shares of Qualys from $145.00 to $175.00 and gave the stock a “hold” rating in a research note on Tuesday, January 16th. Four analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Qualys presently has a consensus rating of “Hold” and an average target price of $153.23.

Qualys Trading Up 0.2 %

QLYS opened at $165.20 on Tuesday. The stock has a market capitalization of $6.11 billion, a P/E ratio of 40.89 and a beta of 0.52. Qualys has a 12 month low of $107.00 and a 12 month high of $206.35. The firm’s fifty day simple moving average is $173.93 and its 200 day simple moving average is $173.78.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Wednesday, February 7th. The software maker reported $1.08 EPS for the quarter, beating the consensus estimate of $0.82 by $0.26. The business had revenue of $144.57 million for the quarter, compared to analysts’ expectations of $144.69 million. Qualys had a net margin of 27.34% and a return on equity of 49.06%. On average, equities research analysts predict that Qualys will post 3.35 EPS for the current fiscal year.

Insider Buying and Selling at Qualys

In other Qualys news, CEO Sumedh S. Thakar sold 5,005 shares of the business’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $192.05, for a total value of $961,210.25. Following the completion of the sale, the chief executive officer now owns 182,213 shares of the company’s stock, valued at approximately $34,994,006.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Qualys news, CEO Sumedh S. Thakar sold 5,005 shares of the business’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $192.05, for a total value of $961,210.25. Following the completion of the sale, the chief executive officer now owns 182,213 shares of the company’s stock, valued at approximately $34,994,006.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bruce K. Posey sold 1,430 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $164.91, for a total transaction of $235,821.30. Following the sale, the insider now directly owns 63,057 shares of the company’s stock, valued at approximately $10,398,729.87. The disclosure for this sale can be found here. Insiders sold 15,537 shares of company stock valued at $2,784,700 in the last quarter. Company insiders own 1.20% of the company’s stock.

Institutional Trading of Qualys

A number of institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of Qualys by 4.1% during the 2nd quarter. BlackRock Inc. now owns 4,743,758 shares of the software maker’s stock worth $612,751,000 after acquiring an additional 185,497 shares during the period. Vanguard Group Inc. increased its position in Qualys by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 3,756,297 shares of the software maker’s stock worth $737,286,000 after purchasing an additional 16,331 shares in the last quarter. State Street Corp increased its position in Qualys by 2.0% during the 1st quarter. State Street Corp now owns 1,218,298 shares of the software maker’s stock worth $158,386,000 after purchasing an additional 24,307 shares in the last quarter. Congress Asset Management Co. MA increased its position in Qualys by 5.0% during the 3rd quarter. Congress Asset Management Co. MA now owns 1,137,107 shares of the software maker’s stock worth $173,466,000 after purchasing an additional 54,219 shares in the last quarter. Finally, Morgan Stanley increased its position in Qualys by 6.5% during the 3rd quarter. Morgan Stanley now owns 1,025,342 shares of the software maker’s stock worth $156,416,000 after purchasing an additional 62,384 shares in the last quarter. Institutional investors own 99.31% of the company’s stock.

About Qualys

Qualys, Inc, together with its subsidiaries, provides cloud-based platform delivering information technology (IT), security, and compliance solutions in the United States and internationally. It offers Qualys Cloud Apps, which include Cybersecurity Asset Management and External Attack Surface Management; Vulnerability Management, Detection and Response; Web Application Scanning; Patch Management; Custom Assessment and Remediation; Multi-Vector Endpoint Detection and Response; Context Extended Detection and Response; Policy Compliance; File Integrity Monitoring; and Qualys TotalCloud, as well as Cloud Workload Protection, Cloud Detection and Response, Cloud Security Posture Management, Infrastructure as Code, and Container Security.